Jonesboro, AR – Jonesboro Right Now – Drivers are continuing to see major relief at the pump this week as gas prices in Jonesboro drop into the $3.40 range, keeping pace with a massive cooling trend nationwide.

According to AAA, the current average for a gallon of regular unleaded in Jonesboro sits at $3.49. This represents a 15-cent drop from the $3.64 average a week ago, and it is a massive 45-cent drop compared to last month’s $3.94 average. Despite this, local prices remain significantly higher than the $2.62 average recorded at this time last year.

The current average prices for the Jonesboro area are:

  • Regular: $3.49
  • Mid-Grade: $3.96
  • Premium: $4.38
  • Diesel: $5.67

Across Arkansas, prices are experiencing a similar downward trend, maintaining the state’s spot as one of the top 10 least expensive gasoline markets in the nation.

AAA reports that the statewide average for regular unleaded is currently $3.56. This marks a 15-cent plunge from $3.71 a week ago and a 40-cent drop from $3.96 a month ago. At this time last year, drivers across the state were paying an average of $2.65 per gallon.

The current average prices across Arkansas are:

  • Regular: $3.56
  • Mid-Grade: $4.07
  • Premium: $4.46
  • Diesel: $5.71

| ADD US ON GOOGLE NEWS: Click here to see more local news from Jonesboro Right Now

These steady local and statewide drops reflect a major milestone nationally. According to AAA, the national average for a gallon of regular gasoline fell nearly 20 cents over the past week to $3.91. This marks the first time the national average has dropped below $4 per gallon since July.

The continued slide is largely attributed to falling crude oil prices and the widespread rollout of cheaper-to-produce winter-blend gasoline. Furthermore, autumn typically brings a decrease in overall gasoline demand, which helps drive pump prices down.

Data from the Energy Information Administration (EIA) confirms this, showing that gasoline demand decreased last week from 8.80 million barrels per day to 8.76 million, while total domestic gasoline supply increased.

Despite the recent drops, AAA notes that the current national average is still higher than normal for this time of year, keeping this month on track as the most expensive November on record for gas prices.

The latest gas prices can be found here.

| DAILY BRIEF: Sign up for the Jonesboro Right Now Daily Brief Newsletter